According to a wall street journal article this morning, the class of 201- is the most in debt class ever.
This should come as no surprise to us given the economic crisis ad the steady rise in tuition at about 5%. While one can talk about how unfair this systematic failure can be (rising tuition despite declining hiring rates out of college), its no use complaining. Take the initiative, don’t complain, and use that as more incentive to succeed.
Find a job that you can grow in and not dumpy to pay the bills – it will never last and you will be in debt for many years to come.
Begin loan payments, only if your rates are above around 6%. Otherwise, throw it in the market or invest in a mutual fund or Roth IRA. Subscribe to something like Money Magazine to begin establishing a personal finance intuition.
You will be well on your way to financial independence and career development.
http://blogs.wsj.com/economics/2011/05/07/number-of-the-week-class-of-2011-most-indebted-ever
